Morris Plains borough: Homeownership Rate Trend
How Morris Plains borough's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
86.1%
2023
74.7%
Total change
-11.4 pp
% change
-13.2%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 86.1% | — |
| 2019 | 83.1% | -3.0 pp (-3.5%) |
| 2020 | 76.7% | -6.4 pp (-7.7%) |
| 2021 | 73.6% | -3.1 pp (-4%) |
| 2022 | 74.4% | +0.8 pp (1.1%) |
| 2023 | 74.7% | +0.3 pp (0.4%) |